“The court recognized that when a key policy term such as 'direct physical loss or damage' is not defined, the ambiguity must be construed in favor of the policyholder, and that an accident that renders a building unfit for occupancy and in need of remediation constitutes physical loss by any reasonable understanding of the term,” Robert Chesler, shareholder at New York-based Anderson Kill P.C. and counsel for Gregory Packaging, said in a statement released on Wednesday. “That's good news for policyholders.”